Cisco To Acquire Splunk, To Help Make Organizations More Secure And Resilient In An AI-Powered World
Cisco News, Thursday, September 21,2023
Together, Cisco and Splunk will help move organizations from threat detection and response to threat prediction and prevention
Cisco and Splunk (NASDAQ: SPLK), the cybersecurity and observability leader, today announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value. Upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco's Executive Leadership Team reporting to Chair and CEO Chuck Robbins.
The acquisition builds on Splunk's heritage of helping organizations enhance their digital resilience and will accelerate Cisco's strategy to securely connect everything to make anything possible. The combination of these two established leaders in AI, security and observability will help make organizations more secure and resilient.